Executive Summary
Corporate organisation strategy differentiates between macro or corporations, micro or business-units, enterprise as well as their function and active strategies which are depended on identity, culture, strategy and product. With reference to the above, each corporation or business-unit operates at different levels and structure but to achieve the organisational goal, their communication strategic processes must be coherent and consistence.
The concept of corporate communication strategy as a functional strategy has provided focal point and direction to the corporate communication function. As a functional strategy used to develop communication plans and implementations, it showcases the relevant of its function to the
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This demand became a turning point in public relation practice that visualises themselves earlier as an in- house journalist or press a gentry but globalisation has made it to become more of a corporate communication practitioner (Grunig & Hunt, 1984).
Collins &Montgomery (1998) defines corporate strategy as an independent possibility established by an organisation for easy creation of value and a planned coordination of its multi-market activities. Drucker (1954) alleged that many organisations have their corporate strategy which is seen as a forecast of where the organisation intends to be positioned in the future with a planned decision on what they need to do to achieve the vision than thinking on how it will be done.
The use of corporate communication to describe the Public Relations practitioner has recently gained an acceptance among scholars and practitioners (Groenewald, 1998:58). Moreover, the term could be used interchangeably to showcase that the function of Public Relation or corporate communication involves both internal and external communications of an organisation (Steyn, 1999). Cornelissen (2011) observed that corporate communication apart from coordinating all the interactions that goes on both within and outside the organisation, it also involve establishing and maintaining constructive reputations with stakeholder groups upon which the organisation is
Strategy is a set of complicated tactics formulated by the executives of a company directed towards the achievement of company’s goal (Salmela, 2002). It is about all the path ways that a company would follow to reach its ultimate goal. It is a company’s strategy which helps to identify what it does better than the other companies in the industries, which may be different from what it does best. For successful strategy formulation and implementation, a company should know the needs of customers and should have knowledge of its competitors. Through a good strategy a company would identify that opportunity which makes it different from the others (Thompson, 2005).
Corporate Strategy - is concerned with the overall purpose and scope of the business to meet stakeholder expectations. This is a
Company strategy is management plan of how to best use of company resources to achieve the business goals successfully, includes what products and services provided that can attract and sustain customers, how the company positioning in the industry environment, how to develop and increase their sustainable competitive advantage, continuous improvements of processes in different functional such as R&D, marketing, systems and operations, and how to deliver the superior value to customers.
An organisation’s strategy plays an important role of providing direction of where company wants to be and how best to allocate the company’s resources to meet its objectives. The formulation of business strategies has evolved over the years and has been made more difficult in recent by the uncertain operating environments and global financial crises.
A corporate strategy is an organizations ability to define where they are headed in the future. This can be accomplished through an Internal Analysis and SWOT Analysis which will facilitate sound business decisions.
Corporate Strategy has been defined by numerous authors. Grant (1995) claims corporate strategy deals with the way a corporation manages a number of different businesses. Lynch, R, in both his third and fourth edition books on corporate strategy refers to Penrose (1959) definition of corporate strategy as “the pattern of major objectives, purposes or goals and essential polices or plans for achieving those goals, stated in such a way as to define what business the company is in or to be in and the kind of company it is or to be”
According to Slack et al. The corporate strategy or business strategy is the guide lines for the whole corporation’s businesses in relation to its markets, customers, and the competitors (2007). In the same context, the same authors discussed the link between the corporate strategy and
A company 's strategy consists of the competitive moves and business approaches that managers are employing to grow the business, attract and please customers, compete successfully, conduct operations, and achieve the targeted levels of organizational performance.
Press agentry, public information, two-way asymmetric public relations, and two-way symmetric public relations are four models of public relations theory devised by Grunig and Hunt (1983). In this essay, the author goes on to identify an example each from current public relations business practices that goes on to show the four public relation models in action. Further stress is provided to ensure that the examples have all been taken place within last twelve months in the Australian media and justification of selection is to be done by comparing it with real world examples that are chosen.
One could argue that public relations are talents which the human species are innately born with, and that this gift has existed since we first crawled out from the cave. However, our self-awareness of these abilities and our choice to study and refine them into a skilled trade began just after the First World War with the father of Public Relations, Basil Clarke. Clarke whose background was in journalism, eventually joined the British
Media relations can be defined as one of the most significant areas of the practice of public relations. (Shaw&White, 2004) It enhances the practice of public relations by serving a systematic, strategized and mutually beneficial relationship between journalists and the public relations practitioners to build credibility, understanding and respect between the two parties. (Supa&Zoch, 2009) It is essential to cultivate a positive and healthy relationship between public relations practitioners and journalists because journalists tend to look at public relations practitioners in a negative way where they believe that they spin information to get free publicity which making it difficult for journalists to report legitimate news and at the same time, against the basic rules of news writing. (Fedler and DeLorme, 2002) Another study by Kiranjit and Halimahton (2006) also suggests that public relations practitioners and journalists are very much sceptical about each other’s role and the relationship between two of them is doubtful and uncertain. From the point of view of public relations practitioners, they complaint that journalists do not understand the role of public relations. On the other side, journalists tend to think that public relations
This theory defines communication excellence as the knowledgeable communicators need to perform the strategic management of organizations and obtain symmetrical relations with target publics. Symmetrical relationships are mutually beneficial. Organizations that apply two-way symmetrical communication take into account the interest of the public and negotiate common ground, where both the organization and stakeholders receive their needs. Involvement in strategic communications management is also an essential characteristic of excellent public relations. Successful communication through this theory delivers forms of tangible value, such as reducing costs, increasing sales and/or establishing a positive reputation.
Because they have a large degree of understanding of the public relations is an image of the establishment of business or put more persuasion efforts for business. The reporter general agree PR is in a public image, propaganda, persuasion activities, as well as marketing efforts, and promote the organization 's position. As the role of public relations become more diverse and important, public relations progress toward becoming the subject of strategy management, it is essential for public relations to the strategy. And to a wide range of business functions integration marketing communication (IMC) concept of the functions of public relations as a commitment to development a of an organization and its product, the image and the impact of the public or the consumer in the campaign of behavior(Ha, JH, & Ferguson, MA 2015).
Corporate level strategy can be defined as the master plan that decided by the top management for the whole company and also the organisation’s strategic business units. With the help of corporate level strategies, an organization or company can determines and indicates what business it should be in, which path it should follow and also which role should be played by respective business units in order to pursue respective direction. By the way, corporate level strategies can be divided into three types which are growth strategy, stability strategy and also renewal strategy.
The success of a company depends on relationships with the public such as consumers, suppliers, investors, employees, government and media. Since public relation practitioners are the once who do the actual communication between their organization and its public it is obvious that public relation is a management function.